Recent ENA Price Performance

Chart: https://www.gate.com/trade/ENA_USDT

As of September 9, 2025, Ethena (ENA) was trading at approximately $0.81, with a 24-hour trading volume exceeding $1.3 billion, a market capitalization of roughly $5.6 billion, and ranked 22nd overall. Recently, ENA has demonstrated strong upward momentum, breaking through the key resistance level of $0.80 and drawing significant investor attention.

According to CoinGecko, ENA rose 9.90% over the past 7 days and 17.52% over the last 30 days, outperforming most other cryptocurrencies.

Active Institutional Investor Involvement

In recent weeks, several high-profile institutional investors have entered the ENA market, further fueling its price rally. Notably, BitMEX co-founder Arthur Hayes bought 2.16 million ENA tokens following a 20% price increase, signaling confidence in the Ethena ecosystem.

Additionally, StablecoinX announced a $530 million funding round and expanded its ENA holdings, and this move by StablecoinX has strengthened market confidence in ENA.

Innovation and Development within the Ethena Ecosystem

Ethena is not just a token; its ecosystem directly supports the project. Its core products include USDe, a crypto-backed synthetic stablecoin that generates yield through a basis trading strategy. Ethena has also introduced USDtb, which is a stablecoin backed by traditional financial institutions. This further enhances the ecosystem’s utility.

According to CoinDesk, Ethena has partnered with Anchorage and plans to issue $1.5 billion worth of USDtb stablecoins in the United States, further expanding its influence in traditional financial markets.

Conclusion

As the core token of the Ethena ecosystem, ENA is demonstrating robust growth powered by innovative products and strong institutional backing. As the market continues to mature, ENA is well-positioned to become a major asset within the cryptocurrency landscape.